Evolving the company’s risk management framework to respond, 恢复, and thrive in new environments is one tenet of 安德鲁·格雷’s strategic vision; embedding intelligent resilience into the company’s operations is another.
Resilience is built into the DNA of The Depository Trust & 清算 Corporation (存). The 帖子-trade infrastructure company was formed in partnership with the industry it serves to provide stability and efficiency to the global 资本市场. 存’s primary function is risk management, says 安德鲁·格雷, the company’s group chief risk officer.
He explains that 存’s role is to identify, 测量, 监控, and control risks that permeate securities transactions—including credit, 市场, 流动性, 系统性, and operational risk. 要做到这一点, Gray says it is critical that 存, which operates globally, continuously rethinks how it, 这个行业, address emerging threats.
In a conversation with Larry Rosenberg, partner and U.S. Capital Markets Audit & Assurance leader, Deloitte & Touche LLP), Gray discusses the company’s role as a Systemically Important Financial Markets Utility, how technology and data analytics support resiliency, and the company’s strategy for addressing COVID-19-related disruption, among other issues.
Larry Rosenberg: As a critical pillar of the financial 市场 infrastructure, 存 defines resilience as a core competency. Why is it so important to the company and how does it fit into the firm’s overall strategic objectives?
Gray: Resilience is fundamental to our ability to serve the 市场place and protect the integrity and stability of the global financial system. As the centralized clearinghouse for the U.S. 资本市场, we must clear and settle all transactions in our pipeline every day so the 市场s can open and trade the following morning. If you look back at the 9/11 terrorist attacks, Superstorm Sandy and, 最近, the COVID-19 pandemic, we continued processing trading activity throughout each crisis while maintaining access to key business services for our clients. While the 市场s were experiencing extreme volatility during each of those periods, we were working behind the scenes with regulators and other 市场 participants providing stability that is essential for the 市场s to continue functioning efficiently.
Click here to continue reading the full interview in the Wall St. 杂志.